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SBI SECURITIES Forex Broker provides real users with 3 positive reviews, 6 neutral reviews and 2 exposure review!

SBI SECURITIES Broker Review

7.98

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SBI SECURITIES Review 11

Latest All(11) Positive(3) Neutral(6) Exposure(2)
Neutral
Platform Evaluation

SBI Securities, as a global business company regulated by Japan for 15-20 years, has shown stability in the retail forex field. Its advantages include a long history and a good regulatory background, which brings a certain level of trust to investors. However, disadvantages may include service limitations based on geographical restrictions and potential high transaction fees, which may affect the investment experience of some customers. Overall, SBI Securities is a trustworthy securities company with room for improvement.

zr1
03-26
Neutral

Advantages: This platform provides comprehensive online trading services, supporting real-time market quotes, trade execution, and market analysis. The system is stable, funds are secure, and users can start trading quickly. Customer service responds promptly, can solve problems in a timely manner, and supports multiple languages, making it very convenient to use. Disadvantages: Compared to other platforms, the commission is slightly higher. The mastery of professional tools such as the quantitative strategy editor is more difficult, which may affect trading efficiency. The Chinese version of research reports may sometimes have delays, and some contracts lack detailed Chinese versions.

zr2
03-21
Exposure
SBI Platform Has High Slippage

The software frequently experiences high slippage. This often occurs in situations of market illiquidity or when trading volumes are low, making orders prone to slippage. Particularly during non-trading hours or just after holidays when markets reopen, liquidity can be lower, leading to multiple instances of slippage and significant losses. Additionally, slippage can cause orders to be partially executed or completely fail.

诸事顺利88
03-20
Neutral

Advantages: This platform provides comprehensive online trading services, supporting real-time market quotes, trade execution, and market analysis. The system is stable, funds are secure, and users can start trading quickly. Customer service is responsive, able to promptly resolve issues, and supports multiple languages, making it very convenient to use. Disadvantages: Compared to other platforms, the commission is slightly higher. The mastery of professional tools such as the quantitative strategy editor can be challenging, which may affect trading efficiency. The Chinese version of research reports may sometimes experience delays, and some contracts lack detailed Chinese versions.

a
03-20
Positive
SBI Securities

The services provided by SBI are generally satisfactory, and most importantly, it is a secure company that will not deceive investors.

好运连连55
03-11
Exposure
This broker has significant slippage, resulting in substantial losses.

The software experiences frequent slippage incidents. Slippage tends to occur when the market often suffers from insufficient liquidity or when trading volumes are low. This is particularly prevalent during non-trading hours or at market openings following holidays, where liquidity may be reduced, leading to multiple instances of slippage and consequently, significant financial losses. Additionally, slippage can cause orders to be partially filled or to fail entirely.

03-11
Neutral

This company seems to be very safe, but unfortunately I am not Japanese. For one thing, I can't read their website. On the other hand, I am worried that I will encounter problems when trading and contacting customer service.

FX1243896738
2023-02-17
Neutral

I have only traded foreign exchange currency pairs on this platform, the spread is pretty narrow, and the trading environment is good, but the leverage is a bit conservative, not suitable for scalpers and professional traders. The lack of live customer support is also a drawback.

虎头蛇尾
2022-12-13

  

SBI Securities 2025 Review: Everything You Need to Know

  SBI Securities, the stock broking arm of the State Bank of India, offers a comprehensive range of investment services, but user experiences vary widely. While the firm is backed by the trust of one of India's largest banks, its higher brokerage fees and customer service issues have raised concerns among users.

  Note: It is important to recognize that SBI Securities operates under different regional entities, which can affect service quality and regulatory compliance. The following evaluation is based on a variety of sources to ensure fairness and accuracy.

  

Ratings Overview

Category Rating (Out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 8
User Experience 6

  We score brokers based on user feedback, expert analysis, and factual data to provide a balanced view.

  

Broker Overview

  Founded in 2006, SBI Securities is a full-service broker that provides a wide array of trading and investment options, including equities, derivatives, mutual funds, and more. The firm operates through its flagship trading platforms: SBI Smart (web-based), SBI Smart Xpress (desktop), and a mobile app. It is registered with the Securities and Exchange Board of India (SEBI) and offers services to both Indian residents and Non-Resident Indians (NRIs).

  

Detailed Analysis

  

Regulated Geographical Areas

  SBI Securities primarily operates in India, where it is regulated by SEBI and is a member of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The firm also offers services to NRIs, but it does not solicit investments from certain regions due to regulatory restrictions.

  

Deposit/Withdrawal Currencies

  SBI Securities supports transactions in Indian Rupees (INR) and facilitates deposits through various methods, including net banking, debit cards, and UPI. However, specific details regarding minimum deposit amounts are not consistently disclosed, which can be a potential drawback for clients.

  

Minimum Deposit

  The minimum deposit requirement is generally around ₹25,000 for trading, which is higher compared to many discount brokers, making it less accessible for new or small investors.

  

Bonuses/Promotions

  SBI Securities does not offer significant promotional bonuses or free trading options, which contrasts with the competitive landscape where many brokers provide attractive incentives to lure clients.

  

Tradable Asset Classes

  The broker allows trading in a variety of asset classes, including:

  • Equities
  • Derivatives (Futures and Options)
  • Mutual Funds
  • IPOs
  • Currency
  • Bonds

  However, it does not support commodity trading, which may limit options for some investors.

  

Costs (Spreads, Fees, Commissions)

  SBI Securities charges a brokerage fee of 0.50% for equity delivery and 0.075% for intraday trades. For equity futures, the fee ranges from 0.03% to 0.05%, while options trading incurs a charge of ₹50 per lot. These fees are significantly higher compared to discount brokers like Zerodha, which charge flat fees per trade.

  

Leverage

  The leverage offered by SBI Securities varies: up to 5x for intraday trading and 1x for equity delivery. This leverage is relatively standard in the industry but may not be as attractive as offerings from some competitors.

  

Allowed Trading Platforms

  SBI Securities provides multiple trading platforms, including:

  • SBI Smart Web: A browser-based platform with real-time data and customizable features.
  • SBI Smart Xpress: A desktop application designed for high-frequency trading.
  • SBI Smart Mobile App: A mobile platform that allows for trading on the go.

  While the platforms are generally user-friendly, some users have reported issues with the mobile app's interface, citing it as complex and less intuitive compared to competitors.

  

Restricted Regions

  SBI Securities primarily targets Indian residents and NRIs, but due to regulatory restrictions, it may not solicit investments from certain regions, particularly those with stringent regulatory frameworks.

  

Available Customer Service Languages

  Customer support is available in English and Hindi, but the service quality has been a point of contention. Many users have reported slow response times and inadequate resolution of issues, which can be frustrating for clients needing immediate assistance.

  

Repeating Ratings Overview

Category Rating (Out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 8
User Experience 6

  

Detailed Breakdown

  • Account Conditions: The high minimum deposit and account opening fees may deter new investors.
  • Tools and Resources: The variety of trading platforms is a plus, but user experience varies, especially on mobile.
  • Customer Service and Support: Customer service ratings are low, with users often reporting slow responses.
  • Trading Setup: The trading experience is generally satisfactory, but higher fees compared to discount brokers are a concern.
  • Trustworthiness: Backed by SBI, the broker enjoys a solid reputation, but service inconsistencies need addressing.
  • User Experience: While the platforms are feature-rich, usability issues, particularly on mobile, can hinder the overall experience.
  •   In conclusion, while SBI Securities offers a robust set of services backed by a reputable financial institution, potential clients should weigh the higher costs and customer service concerns against their investment needs. For those seeking lower fees and more efficient service, exploring discount brokers may be advisable.